Fed, Trump and Bessent
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U.S. Treasury Secretary Scott Bessent said Thursday that borrowing costs remain too much above the neutral rate, arguing most models suggest the policy rate should be over 100 basis points below the current 3.
Treasury Secretary Scott Bessent is not happy with the Justice Department's criminal investigation into Federal Reserve Chairman Jerome Powell, multiple sources told ABC News, warning it creates an unnecessary distraction. Bessent conveyed those concerns directly to President Donald Trump in a call on Sunday, sources said.
U.S. Treasury Secretary Scott Bessent on Friday said the goal of the Trump administration's launch of mortgage-backed securities purchases is to roughly match the rate at which those bonds are rolling off the Federal Reserve's balance sheet.
U.S. Treasury Secretary Scott Bessent will say Thursday that the domestic economy could grow faster if the Federal Reserve continues to lower interest rates.
President Trump could announce his choice to lead the Federal Reserve later this month, Treasury Secretary Scott Bessent said Thursday. Bessent told the Economic Club of Minnesota that Trump hasn’t yet interviewed the last of four finalists under consideration,
Speaking on the All-In Podcast for a year-end economic review, Bessent outlined a sharp pivot from the monetary policies of the last 15 years. He argued that the Fed's “gain of function” experiments—specifically the large-scale asset purchases that ...
Treasury Secretary Scott Bessent reveals Trump has one final interview before naming the next Federal Reserve chair, with decision expected by month's end.